ECMC Group Student Loan Trusts
To view historical reports and issue details for a specific trust, select the trust in the drop-down menu.
ECMC Group, Inc. from time to time securitizes some of its student loan assets by selling student loans to ECMC Group Student Loan Trusts.
The asset-backed securities issued by the Trusts do not represent interests in or obligations of, and are not guaranteed or insured by, ECMC Group, Inc. or Educational Credit Management Corporation. The asset-backed securities issued by ECMC Group Student Loan Trusts listed herein were not registered with the U.S. Securities and Exchange Commission under the Securities Act of 1933, or any other United States securities law, nor were they qualified under the "blue sky" laws or the securities laws of any other jurisdiction, and instead were offered and sold in reliance on available exemptions from registration and qualification under such laws. All asset-backed securities issued by ECMC Group Student Loan Trusts are subject to federal and state income taxes.
The asset-backed securities issued by an ECMC Group Student Loan Trust listed herein are described in a confidential Offering Memorandum available only to investors who are either (1) Qualified Institutional Buyers ("QIBS") as defined in Rule 144A promulgated under the Securities Act of 1933, as amended, or (2) Non-"U.S. Persons" outside the United States of America pursuant to the requirements of Regulation S promulgated under the Securities Act. The Offering Memoranda contain information about the terms and conditions of the asset-backed securities, financial characteristics and servicing information related to the underlying student loan assets, trading information about the asset-backed securities, and other issuance details.
Servicing and Distribution Reports
Servicing and Distribution Reports for the ECMC Group Student Loan Trusts contain statistical, interest rate, and fee information related to the student loan-backed notes and certificates. The reports also contain cash flow, outstanding balance information, and loan characteristics for the underlying student loans, as well as the distributions being made to note holders and certificate holders.
To find a particular report, use the drop-down menu above to navigate to the appropriate trust's page, then click on the particular report link.
Important Legal Information Concerning ECMC Group Student Loan Trust Securities
Investment in securities issued by an ECMC Group Student Loan Trust entails certain risks described in the applicable offering documents. Prospective investors should consult their own financial and legal advisors about risks associated with investment in a particular issue of securities and the suitability of investing in the securities in light of their particular circumstances.
No Offer or Solicitation
This website and the information contained in any Offering Memoranda that may appear on this site do not constitute an offer or the solicitation of an offer for the purchase or sale of any securities. Any Offering Memoranda that may appear on this website is presented for informational purposes only. The securities described therein may be offered and sold only to qualified institutional investors and certain other persons in accordance with applicable federal and state securities laws, by dealers authorized to make such offers and sales. By viewing an Offering Memorandum online, you shall be deemed to have represented to us that (1) you and any customers you represent are either (a) QIBs or (b) not a U.S. Person, and (2) that you consent to receive an electronic Offering Memorandum for informational purposes only consistent with federal and state securities laws.
No action has been or will be taken by ECMC Group that would permit a public offering of the asset-backed securities issued by the Trusts in any country or jurisdiction where action for that purpose is required. Accordingly there is no assurance that a market will develop for the asset-backed securities issued by the Trusts. A market may be made in the asset-backed securities solely to facilitate trading among QIBS under Rule 144A, and/or Non-U.S. Persons, pursuant to the requirements of Regulation S. There is no assurance that such market, if developed, will continue. Reoffers, resales, pledges or other transfers of the asset-backed securities may be made only pursuant to a valid registration statement, pursuant to Rule 144A, pursuant to Regulation S or pursuant to another exemption available under the Securities Act, and, in each case, in accordance with applicable United States state securities laws or "blue sky" laws and the securities laws of any other applicable jurisdiction. Each purchaser of the asset-backed securities issued by the Trusts will be deemed by its acceptance of such asset-backed securities to have made certain acknowledgments, representations and agreements intended to restrict the reoffer, resale, pledge or other transfer thereof.
Any Offering Memoranda appearing on this site have been electronically converted from the magnetic media format from which the original version of each such document was printed, and no ECMC Group Student Loan Trust has tested or verified the accuracy or completeness of any of these documents on this website. Neither ECMC Group nor any ECMC Group Student Loan Trust or initial purchaser assumes any responsibility for errors or omissions in any Offering Memorandum or other documents which are referenced by or linked thereto resulting from such electronic conversion. In no event shall ECMC Group, any ECMC Group Student Loan Trust, or initial purchaser be liable for any special, incidental, indirect, or consequential damages of any kind, or any damages whatsoever, on any theory of liability arising out of or in connection with the use of any Offering Memorandum.